Can I Switch My Residential Mortgage to a Buy To Let?
So is it possible to change the status of your home loan from a residential mortgage to a buy to let mortgage? Yes, it is possible, but before you make the move, there are many different aspects of the change that you need to consider carefully. Many people don’t realise the differences between a residential […]
Can You Get a Mortgage with an IVA?
An Individual Voluntary Arrangement (IVA) is an insolvency solution which helps individuals to avoid bankruptcy. It is a formal and legally binding agreement between debtors and creditors, usually managed by an insolvency practitioner, which sets monthly payments to be made until the debt is settled. Creditors cannot take any further action once an IVA is […]
Can You Get a Mortgage on a Zero Hour Contract?
Many working people in the UK today find themselves on what is called a ‘zero hour contract’. This does not necessarily mean they work fewer hours. Research suggests many still work a standard 40-hour week or even longer.
Remortgaging to pay off debt: Is this an option?
Choosing to use the equity in your home to consolidate debt is a possibility and can be an attractive option if you have high-interest charges and more expensive debt, like personal loans or credit cards with significant monthly payments. A debt consolidation remortgage, where you take out a new mortgage to pay off unsecured loans […]
What are the Stages of the Mortgage Application Process?
The mortgage process is a challenging time and will probably be the biggest financial commitment you will ever make. For most people, especially first-time buyers, the entire process can seem both intimidating and stressful. It doesn’t need to be so. Partnering with a professional mortgage advisor will provide you with clarity on what to expect, […]
What is a Mortgage Illustration?
A mortgage illustration is supplied to you, as a prospective borrower, by your mortgage broker, and will cover in detail all the costs involved in the type of mortgage you intend to apply for. It is part of the mortgage process and will include all the key details about the mortgage, providing you with a […]
